The global hepatitis B diagnostic tests industry is anticipated to reach a valuation of US$ 872.5 million in 2023, driven by health screenings and government initiatives. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 6.5% between 2023 and 2033. It is estimated to gain a valuation of approximately US$ 1,744.26 million by 2033.
Continuous advancements in diagnostic technology have a substantial influence on the market for hepatitis B diagnostic tests. The development of assay methods such as enzyme immunoassays and nucleic acid testing has led to improvements in accuracy of tests, sensitivity, and specificity.
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The most frequent cause of liver disease and cancer is hepatitis B. The relevance of liver health has led to an increase in people seeking preventative healthcare, especially those who have risk factors including a genetic history of hepatitis B or particular behaviors. Regular hepatitis B testing enables early detection and treatment, and this can help prevent issues and liver damage. The regional demand is increasing across the United States as a result of the emphasis on preventative care and living well.
Key Takeaways from the Market Study:
- The market for hepatitis B diagnostic tests expanded at a CAGR of 4.5% from 2018 to 2022.
- The Hepatitis B Diagnostic Tests market in the United States is expected to surpass 34.7% market share in 2023.
- It is predicted that China would take 23.2% of the worldwide market for hepatitis B diagnostic tests in 2023.
- By the end of 2023, the market for hepatitis B diagnostic tests in Japan will hold 7.1% of the global market share.
- By 2023, it is expected that the market for hepatitis B diagnostic tests in France would increase by 8%.
- By 2023, the Hepatitis B Diagnostic Tests market in the United Kingdom is anticipated to have a 7.8% market share.
- In 2023, it is anticipated that the market share held by enzyme immunoassay kits will reach 71.90%.
- The hospitals segment will expand quickly at a 6.2% CAGR throughout the projection period.
“The hepatitis B diagnostic tests are promoted through public health programs, increasing liver exams, and healthcare marketing, which raises awareness and diagnoses rates,” remarks an FMI analyst.
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Competitive Landscape:
Manufacturers frequently explore new geographical areas to increase their market presence. With healthcare organizations and providers all across the world, they create distribution networks and partnerships. Manufacturers can access untapped client bases by diversifying into new markets and areas with a high hepatitis B incidence.
In order to make sure that their goods adhere to local norms and laws, businesses may also apply for regulatory licenses and certifications in other nations.
Prominent players in the Hepatitis B Diagnostic Tests Market are:
- Bio-Rad Laboratories, Inc.
- DiaSorin S.p.A.
- Abbott Laboratories
- Meridian Bioscience
- bioMérieux SA Inc.
- Vista Diagnostics International
- Biogate Laboratories Ltd.
- Mitra & Co. Ltd.
- Siemens Medical Solutions USA, Inc.
- General Biologicals Corporation
Product Portfolio:
- A healthcare corporation with a wide range of services, Abbott Laboratories has been involved in the creation of medicines, notably antiviral drugs. They have created medications in the past that are used to treat chronic hepatitis B. One such instance is the drug “Hepsera” (generic name: adefovir dipivoxil), that was used in some individuals to prevent the reproduction of the hepatitis B virus.
- “Viread,” which is made by Gilead Sciences, Inc., is one of the treatments for hepatitis B that is often used. Tenofovir disoproxil fumarate (TDF), the active component of Viread, is an antiviral drug intended to prevent the hepatitis B virus (HBV) from replicating in people with chronic hepatitis B infection.
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Segmentation Analysis of the Hepatitis B Diagnostic Tests Market:
By Product Type:
- Enzyme Immunoassay Kits
- Hepatitis B Surface Antigen Test
- Anti-Hepatitis B Surface Antibody Test
- Anti-Hepatitis B Core Antibody Test
- Point-of-Care Testing Kits
- Strips
- Cassettes/Cards
By End User:
- Hospitals
- Clinics
- Diagnostic Centers
- Home Care
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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